Debt can be a significant burden on your financial well-being. After all, being in debt especially when it comes to high-interest credit card debt can have a big impact on various aspects of your life, from daily stress levels to long-term financial goals.
And, while dealing with hefty amounts of debt can be stressful and overwhelming, it’s not unusual. According to data from Experian, the average credit card balance was $6,365 as of Q2 2023. That average is 11.7% higher than it was at the same point in 2022.
That’s just the average, though. Many people have much higher levels of debt, which can be hard…
Read the full article at: https://www.cbsnews.com/news/big-ways-debt-relief-can-improve-your-finances/